The Shepherds’ Trust 2011 Financial Results
|Bequests and Donations||189,233||542,796|
The 2011 investment loss includes dividends, interest and realized gains of $1.98 million and unrealized investment loss of $2.07 million from a decrease in market value of investments as at December 31, 2011.
2011 expenditures totalled $2.7 million (2010 - $2.7 million) consisting of monthly allowances to beneficiaries, health care premiums and costs of extended health care for priests.
|Pooled Funds - Bonds||$14,109,932||$13,609,217|
|Pooled Funds - Equities||19,919,965||21,120,304|
Total Fund needed is $42.3 million (based on 2009 actuarial valuation). The Investment Fund is professionally managed, with quarterly reviews and evaluation of performance by an independent investment committee with appropriate actions taken as necessary.
A copy of the audited financial statements is available for review at the office of the Archdiocese of Toronto - Accounting & Finance Department, 1155 Yonge Street, Toronto.